Nagarjuna Construction today said it will raise Rs 550 crore through qualified institutional placements (QIP) route.     

The company's board has given in-principle approval to raise Rs 550 crore, Nagarjuna Construction said in a filing to the Bombay Stock Exchange.    

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The said proposals are subjected to the shareholders approval.     

Shares of Nagarjuna Construction settled at Rs 141.25, up 3.59 per cent on the BSE today.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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